English Edition

Kuwait Targets Crude Output Capacity of 3.2M B/D by 2015

Δευ, 5 Νοεμβρίου 2012 - 16:57

OPEC member Kuwait plans to up its crude output capacity from 3 million barrels per day to 3.2 million barrels a day by 2015, the chairman and managing director of Kuwait Oil Co. said in remarks published Monday.

China Files WTO Complaint on EU Solar Subsidies

Δευ, 5 Νοεμβρίου 2012 - 16:57

China filed a complaint to the World Trade Organization on Monday charging the European Union with violating rules governing subsidies to its solar components industry, China's Ministry of Commerce said.

BP: Indonesia Approves $12 Bln Expansion of Tangguh LNG Project

Παρ, 2 Νοεμβρίου 2012 - 18:23

The Indonesian government has approved a plan to expand the Tangguh liquefied natural gas project operated by BP PLC (BP), the company said Friday.

Iraq's Oct Oil Exports Up 1% On Month At 2.624 Million B/D - SOMO

Παρ, 2 Νοεμβρίου 2012 - 18:22

Iraq's crude oil exports in October went up by 0.92% to 2.624 million barrels a day, compared with 2.600 million barrels a day in September, figures released by the State Oil Marketing Organization, or SOMO, showed.

Gazprom 2Q Net Profit Halves but Above Analysts' Forecasts

Παρ, 2 Νοεμβρίου 2012 - 18:22

Russian gas giant OAO Gazprom's (GAZP.RS) net profit halved in the second quarter, compared with the corresponding period a year earlier, as a result of lower gas sales and retroactive payments to European customers, but the figure was still above analysts' forecasts.

Rosneft CEO: No Plans to Work With OPEC On Oil Output

Παρ, 2 Νοεμβρίου 2012 - 18:22

OAO Rosneft (ROSN.RS) Chief Executive Igor Sechin said there are no plans for Russia to cooperate with the Organization of Petroleum Exporting Countries on reducing production to support oil prices, even though state-controlled companies will own nearly 50% of the country's output after Rosneft completes its purchase of competitor TNK-BP.

BP Replaces Head of Operations in Azerbaijan

Παρ, 2 Νοεμβρίου 2012 - 18:21

Azerbaijan--British oil major BP PLC (BP) said Friday it has replaced its regional president for its operations in Azerbaijan, Georgia and Turkey, in a move that follows recent criticism of a BP-led consortium by Azeri President Ilham Aliyev for declines in oil output.

Chevron 3rd-Quarter Net Falls 33% on Lower Production

Παρ, 2 Νοεμβρίου 2012 - 18:21

Chevron Corp.'s (CVX) third-quarter earnings fell 33%, reflecting a sharp drop in downstream earnings and lower production.

Further Greek Refinery Strike Planned

Πεμ, 1 Νοεμβρίου 2012 - 16:53

The Panhellenic Federation of Employees in Refineries and Chemical Industry will participate in a 48-hour general strike called by the Greek General Confederation of Labour (GSEE) against government austerity measures.

Bulgaria To Announce Investment Decision on South Stream Pipeline Nov 9

Πεμ, 1 Νοεμβρίου 2012 - 15:12

Bulgaria will announce its investment decision on the construction of the South Stream gas pipeline on November 9 when executives from Russia's Gazprom and Bulgarian state-owned Bulgarian Energy Holding (BEH) are expected to sign the final documents on the project's implementation.